critical path method

Definitions

Accounting

noun

(written as critical-path method)

a technique used in projectmanagement to identify the activities within a project that are critical to its success, usually by showing on a diagram or flow chart the order in which activities must be carried out so that the project can be completed in the shortest time and at the least cost

Computing

noun the use of analysis and the projection of each critical step in a large project to help a management team.

Electronics

A technique, used in project management, in which a path connecting the key tasks is drawn. Any delays in this path would ultimately delay the overall project, while tasks that are not critical have a given slack time incorporated. Its abbreviation is CPM.